Late last month, Investopedia published an article that analyzed the survey results of Verywell, which found that over the previous 30 days, COVID-19 stress was not the top concern of respondents. Instead, 27% of respondents claimed that their biggest source of stress was financial problems. Other financial stressors mentioned were the pandemic, work, daily life, personal relationships, parenting and romantic relationships. Although it’s evident that some of the financial stress was likely induced by the pandemic, it’s important to help your employees properly recover.
According to Investopedia, individuals with low to middle income levels are likely to stay stressed longer since they are unable to financially recover as quickly as their upper class peers. For example, the survey found that over half of people who earn less than $75K a year are still mentally recovering from the pandemic. Furthermore, to show a direct comparison, the Silent Gen who have a household income over $150K reported that 71% of respondents had mentally recovered from COVID, whereas Gen Z employees making under $50K a year only reported a 21% mental recovery rate.
Although stress is subjective among employees, it’s important to analyze those with lower salaries and cater to their financial struggles and needs in effort to reduce stress.
To read more from Investopedia, please click here!
Written By: Your Financially Fit Employees Team
Raise awareness about health issues at the workplace and gain your employees trust. Let’s look at some wellness ideas for remote employees to improve mental and physical health.
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